Sluggish condominium construction starts due to persistently high construction costs
First written in FY2017-Q1. 11 of 31 entries say "Worsened", first in FY2018-Q3. Latest entry: FY2025.
Ainavo Holdings moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「Overall construction investment remained steady, supported by firm public investment and signs of recovery in private capital investment.」
Separate from weakness in housing demand, firm public investment and a recovery in private capital investment were indicated, partially easing conditions in the market related to large projects. - FY2025-H1WorsenedAnnual report
「In the market for large projects, construction investment in condominiums was slightly above the prior-year level, which had been significantly lower than the year before, while private non-residential investment remained below the prior-year level and public construction investment showed no strength.」
Investment in condominiums improved slightly from the prior year, while private non-residential investment fell below the prior-year level and public construction investment was also described as lacking strength, indicating continued weakness across individual markets. - FY2024MitigatedAnnual report
「Demand for housing renovations and private non-residential investment, however, showed signs of recovery.」
Demand for housing renovations and private non-residential investment showed signs of recovery, partially easing weakness in the large-project and non-residential markets. - FY2024-Q2WorsenedAnnual report
「In the market for large projects, the cumulative total of new condominium starts and private non-residential investment over the past year was approximately 10% below the prior-year level. Public construction investment also remained at or slightly below the prior-year level, making it difficult to describe market conditions as being on a recovery trend.」
The cumulative total of new condominium starts and private non-residential investment over the past year was approximately 10% below the prior-year level, while public construction investment was at or slightly below the prior-year level, confirming the weakness in market conditions. - FY2024-Q1WorsenedAnnual report
「In the market for large projects, new condominium starts, private non-residential investment and public construction investment all remained at or slightly below the prior-year level, making the outlook difficult to assess.」
Condominium starts, private non-residential investment and public construction investment were at or slightly below the prior-year level, increasing market uncertainty from the recovery trend seen in the previous period. - FY2023MitigatedAnnual report
「Private non-residential investment, public investment and demand for renovations also showed signs of recovery.」
Private non-residential investment and public investment related to the large-project business showed signs of recovery, partially easing the deterioration in market conditions. - FY2023-Q2MitigatedAnnual report
「In the market for large projects, new condominium starts remained above the prior-year level, as did private non-residential investment and public construction investment.」
New condominium starts, private non-residential investment and public construction investment all exceeded the prior-year level, an improvement from the previous quarter’s explanation that condominium starts were broadly in line with the prior year. - FY2023-Q1RestatedAnnual report
「In the market for large projects, new condominium starts remained broadly in line with the prior year. Although private non-residential investment and public construction investment remained above the prior-year level for more than a year, market conditions had not recovered to pre-COVID levels.」
Although private non-residential investment and public construction investment remained above the prior-year level, condominium starts stayed broadly in line with the prior year, and market conditions had still not recovered to pre-COVID levels. - FY2022WorsenedAnnual report
「The construction-related market in which our group operates remained relatively steady for new owner-occupied and rental housing, partly due to continued low mortgage rates. Public investment, however, remained below the prior-year level, as did private non-residential investment, leaving overall conditions challenging due to the impact of measures to prevent the spread of COVID-19.」
Demand for owner-occupied and rental housing was considered relatively steady, while public investment and private non-residential investment remained below the prior-year level, indicating weakness in the market for large projects. - FY2022-Q3Condominium starts at the previous year's level; recovery to pre-COVID-19 levels not achievedAnnual report
「In the large-scale projects market, the cumulative number of new condominium starts remained around the previous year's level, while private non-residential investment and public construction investment remained above the previous year's level for more than a year. However, market conditions had not recovered to pre-COVID-19 levels.」
While private non-residential investment and public construction investment remained above the previous year's level, condominium starts stayed around the previous year's level, and the failure to recover market conditions to pre-COVID-19 levels continued. - FY2022-Q2MitigatedAnnual report
「In the large-scale projects market, new condominium starts, private non-residential investment and public construction investment remained above the previous year's level for more than a year, but market conditions had not recovered to pre-COVID-19 levels.」
Condominium starts, private non-residential investment and public construction investment remained above the previous year's level for more than a year, partially easing market risks, but had not returned to pre-COVID-19 levels. - FY2022-Q1WorsenedAnnual report
「In the large-scale projects market, the cumulative number of new condominium starts declined by approximately 10% in 2021. Private non-residential investment and public construction investment also remained below the previous year's level.」
The cumulative number of new condominium starts declined by approximately 10% in 2021, while private non-residential investment and public construction investment also fell below the previous year's level, indicating deterioration in the market environment for the large-scale projects business. - FY2021WorsenedAnnual report
「On the other hand, public investment is expected to remain below the previous year's level, and private investment is also expected to decline, leaving little prospect for growth in construction-related demand.」
The outlook indicated that both public and private investment would fall below the previous year's level, changing the explanation to one that offered little prospect for growth in construction-related demand. - FY2021-Q3MitigatedAnnual report
「In the large-scale projects market, condominium starts increased 1.1% year on year over the 5-month period from the beginning of the year, private non-residential investment increased 3.9% year on year over the 5-month comparison period, and public construction investment also increased year on year for 5 consecutive months.」
Condominium starts, private non-residential investment and public construction investment all exceeded the previous year's level, partially easing market risks in the large-scale projects business. - FY2021-Q1WorsenedAnnual report
「In the large-scale projects market, new condominium starts remained below the previous year's level for 5 consecutive months through October, while private non-residential investment and public construction investment also remained on a year-on-year declining trend, leaving market conditions uncertain going forward.」
New condominium starts fell below the previous year's level for 5 consecutive months, while private non-residential investment and public construction investment also moved into year-on-year declines. Weakness in market conditions for the large-scale projects business continued. - FY2020WorsenedAnnual report
「While public investment driven by the government's economic stimulus measures is expected to remain broadly flat, private non-residential investment is of some concern due to a decline in companies' willingness to invest in capital equipment.」
While public investment was expected to remain flat, weakness in private non-residential investment was newly identified as a concern against the backdrop of reduced corporate willingness to invest in capital equipment. - FY2020-Q3RestatedAnnual report
「In the large-scale projects market, private non-residential investment was generally below the previous year's level for buildings other than warehouses. Condominium starts also remained below the previous fiscal year's level on a cumulative basis, and market conditions remained uncertain going forward.」
Weakness in non-residential investment and condominium starts continued, reconfirming that market conditions for the large-scale projects business remained uncertain going forward. - FY2020-Q2WorsenedAnnual report
「In the large-scale projects market, private non-residential investment remained below the previous year's level for 7 consecutive months through February. Condominium starts also declined by more than 20% year on year in November, January and March, and market conditions remained uncertain going forward.」
Private non-residential investment fell below the previous year's level for 7 consecutive months, while condominium starts declined by more than 20% in multiple months, indicating a deterioration in market risks for the large-scale projects business. - FY2020-Q1WorsenedAnnual report
「In the large-scale projects market, private non-residential investment and public construction investment both remained below the previous year's level for more than 3 consecutive months through November. Condominium starts also fell 23.6% year on year in November, and market conditions remained uncertain going forward.」
Private non-residential investment and public construction investment continued to fall below the previous year's level, while condominium starts fell 23.6% in November, giving concrete form to the weakness of market conditions. - FY2019Conditions diverged by marketAnnual report
「Private non-residential investment was slightly below the previous year's level, while public investment was slightly above it. The order environment in both markets nevertheless remained generally favorable.」
Private non-residential investment declined slightly and public investment increased slightly, while the order environment in both markets was described as generally favorable. - FY2019-Q3RestatedAnnual report
「In the large-scale projects market, private residential and non-residential investment and public construction investment all remained above the previous fiscal year's level.」
The explanation that private residential and non-residential investment and public construction investment remained above the previous fiscal year's level was continued. - FY2019-Q2MitigatedAnnual report
「In the large-scale projects market, new starts of for-sale condominiums showed signs of recovery, exceeding the previous year's level for 8 consecutive months through February of the current year. Private non-residential investment and public construction investment also remained above the previous fiscal year's level.」
For-sale condominium starts exceeded the previous year's level for 8 consecutive months, while private non-residential investment and public construction investment were also above the previous fiscal year's level. - FY2019-Q1MitigatedAnnual report
「In the large-scale projects market, new starts of for-sale condominiums showed signs of recovery from the previous autumn. Private non-residential investment and public construction investment also remained above the previous fiscal year's level.」
For-sale condominium starts showed a recovery trend from the previous autumn, while private non-residential investment and public construction investment were above the previous fiscal year's level. - FY2018RestatedAnnual report
「Although tile construction progressed smoothly, revenue fell below the previous fiscal year's level due in part to fewer new condominium starts and insufficient order volumes carried over from the previous fiscal year. The occurrence of multiple unprofitable projects also put pressure on earnings.」
Fewer new condominium starts and insufficient order volumes carried over from the previous fiscal year weighed on revenue in the large-scale projects business, while multiple unprofitable projects put pressure on earnings. - FY2018-Q3WorsenedAnnual report
「In the large-scale projects market, new housing starts for for-sale condominiums in the Tokyo metropolitan area declined for 8 consecutive months year on year, while private non-residential investment and public investment remained around the previous year's level.」
The explanation changed from a gradual recovery in for-sale condominium starts in the previous quarter to an 8-month consecutive year-on-year decline in the Tokyo metropolitan area, again giving concrete form to the weakness of market conditions. - FY2018-Q2RestatedAnnual report
「In the large-scale projects market, new starts of for-sale condominiums showed signs of a gradual recovery. Private non-residential investment and public investment also remained above the previous year's level.」
The gradual recovery in for-sale condominium starts and the situation in which private non-residential investment and public investment exceeded the previous year's level were reconfirmed. - FY2018-Q1MitigatedAnnual report
「In the large-scale projects market, new starts of for-sale condominiums showed signs of a gradual recovery. Private non-residential investment and public investment also remained above the previous year's level.」
For-sale condominium starts showed a gradual recovery, while private non-residential investment and public investment rose above the previous year's level. - FY2017Reduced emphasis on non-residential and public investmentAnnual report
「Private non-residential investment remained almost at the previous year's level, while capital investment was firm recently, supported by strong corporate performance. Public investment was on a declining trend but maintained a certain level.」
While weakness in for-sale condominium starts continued, the explanation changed to private non-residential investment remaining almost at the previous year's level and public investment maintaining a certain level despite its declining trend. - FY2017-Q3RestatedAnnual report
「In the large-scale projects market, the number of new starts of for-sale condominiums lacked momentum due to persistently high construction costs, while public investment in schools and community centers and private non-residential investment remained on an increasing trend.」
While weakness in for-sale condominium starts due to persistently high construction costs continued, public investment and private non-residential investment were reconfirmed as being on an increasing trend. - FY2017-Q2Non-residential investment turned to an increasing trendAnnual report
「In the large-scale projects market, the number of new starts of for-sale condominiums lacked momentum due to persistently high construction costs, while public investment in schools and community centers and private non-residential investment remained on an increasing trend.」
While weakness in for-sale condominium starts due to persistently high construction costs continued, public investment and private non-residential investment, previously described as being on a declining trend, changed to an increasing trend. - FY2017-Q1First statedAnnual report
「In the large-scale projects market, the number of new starts of for-sale condominiums lacked momentum due to persistently high construction costs. Public investment in schools and community centers and private non-residential investment maintained a certain level, although both were on a declining trend.」
In the large-scale projects business, the weakness in for-sale condominium starts due to persistently high construction costs and the declining trends in public and private non-residential investment were reported.